RAJESH KUMAR GUPTA vs. INCOME TAX OFFICER,JAMMU

Bench: HON'BLE THE CHIEF JUSTICE,HON'BLE MR. JUSTICE RAJNESH OSWAL

Sections 32, 40(a) (ia), 40A(3), 43B, etc. of the Act and other specific disallowances, related to the business activities against which the Chapter VI-A deduction has been claimed, result in enhancement of the profit of the eligible business, and that deduction under Chapter VI-A is admissible on the profit so enhanced by the disallowance. The said